If you get into the habit of laying out your daily activities and prioritizing them, you’ll end up spending your valuable time on important and impactful tasks.

Prioritizing daily tasks is a surefire way to increase cash flow, but it works best when coupled with the next habit…

Track One Major Business Metric

Your business has to juggle a lot of key metrics. When you set out to improve too many at once, you’ll probably drop the ball.

Truth is, you can’t juggle four balls until you can juggle three, and you can’t juggle three balls until you can juggle two.

In other words, it’s important to place all your focus on one key metric at a time. Don’t stop concentrating your efforts on that metric until it becomes second nature to your business.

This metric will help guide you in prioritizing your daily tasks. If, for example, you want to focus on customer loyalty and retention, then you should prioritize daily tasks that will help your business improve in that area.

Learn to Delegate

While you may be a jack-of-all-trades who can do the job better than your employees, that doesn’t mean you should. Your time and energy are too valuable to be wasted on less-important business tasks.

Being an everything guy is a tough habit to break, so try writing, “I will delegate today” on a sticky note or setting a daily delegation reminder on your phone. Do whatever it takes to make delegating a habit.

When you finally hand over a few of the reins, you’ll have more time to focus on improving your chosen business metric, your employees will feel more important and trusted, and your business will start to reap the dividends of increased productivity.

You can also cut costs by taking a monthly inventory of your expenditures and identifying extraneous purchases.

Get more small business tips from Lendio.

About the author

Andrew Mosteller

Andrew Mosteller is a freelance writer and regular contributor to Lendio News. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Now, Andrew spends his time writing copy for business owners, helping them expand and advertise their unique brands. He's also studying Strategic Communications at the University of Utah. When Andrew's fingers aren't glued to the keyboard, he spends his time reading, podcasting, composing music, and bombing down the ski slopes.

California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.